"I would urge you to go home and sell all your bonds. I know some of you are bond managers. I would go home and get another job," he told a Hong Kong business audience.
He later told reporters that the most promising commodities were agricultural products.
"Oil is going to go much higher over the next few years, but in the meantime there's more money to be made in cotton, or sugar or coffee or some of the other things," he said.
He reiterated past calls that the dollar will eventually plunge in value and that the euro will disappear within 15 to 20 years.
He also told the audience that if he were in charge of the U.S. Federal Reserve he would abolish the central bank and let market set the level of interest rates.
"America's had three central banks in our history. The first two failed. In my view this one is going to fail too," he said.
http://today.reuters.com/news/artic...2Z_01_PEK216085_RTRIDST_0_HONGKONG-ROGERS.XML
He later told reporters that the most promising commodities were agricultural products.
"Oil is going to go much higher over the next few years, but in the meantime there's more money to be made in cotton, or sugar or coffee or some of the other things," he said.
He reiterated past calls that the dollar will eventually plunge in value and that the euro will disappear within 15 to 20 years.
He also told the audience that if he were in charge of the U.S. Federal Reserve he would abolish the central bank and let market set the level of interest rates.
"America's had three central banks in our history. The first two failed. In my view this one is going to fail too," he said.
http://today.reuters.com/news/artic...2Z_01_PEK216085_RTRIDST_0_HONGKONG-ROGERS.XML
